https://www.taxtmi.com/caselaws?id=437815 The Tribunal allowed the deduction of Rs. 36,75,000 for bad debts, citing the TRF Limited case, but confirmed the disallowance of Rs. 69,33,446 as it was not written off. Upon review, the Tribunal recalled the order to consider the TRF Limited case, finding a mistake apparent on the record. The case underscores the significance of establishing bad debts for claiming deductions and the importance of legal precedents in tax matters. en-us Wed, 22 Mar 2023 00:00:00 +0530 Tue, 16 May 2023 08:33:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437815 The Tribunal allowed the deduction of Rs. 36,75,000 for bad debts, citing the TRF Limited case, but confirmed the disallowance of Rs. 69,33,446 as it was not written off. Upon review, the Tribunal recalled the order to consider the TRF Limited case, finding a mistake apparent on the record. The case underscores the significance of establishing bad debts for claiming deductions and the importance of legal precedents in tax matters. Case-Laws Income Tax Wed, 22 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437815